The Incredibly Failed Presidency Of Barack Obama

Adebayo Adeniran
5 min readJun 19, 2021

A brief examination of the first Black president’s time as leader of the free world.

Image via Wikimedia commons

Barack Obama’s time as President of the United States of America was characterized by timidity, cowardice and a profound lack of decisiveness on the seminal issues of his time. His pusillanimity at home and abroad led to the inexorable rise of Donald Trump and the stranglehold on the republican party on American politics, the worsening of the political and security situation in the middle east and emergence of Vladmir Putin and Prince Mohammed Bin Salaam (MBS), as the world’s greatest outlaws.

Here are my reasons:

Failure to Clampdown on the Financial Establishment.

In 2008, when the global economy teetered on the brink of collapse, with very almost no liquidity in the system, Obama’s government presided over the bail out of the banks to the tune of $800 million dollars with little or no stringent conditions attached. Owing to his policy failure, the funds released to wall street, went to funding bonuses and paying off those who had bet against the entire financial system, using credit default swaps to short collaterized debt obligations (CDO).

Just like his counterpart in the United Kingdom, Gordon Brown, who elected to inject liquidity into the banks as opposed to the rescuing those who had lost their homes, savings and livelihoods in the ensuing crisis, Barack Obama missed a huge opportunity of a lifetime in bridging the schism between those neglected by the political class and the hedge fund managers, commodity traders and the arbitrageurs.

Steve Bannon, in his address to the Oxford Union, alluded to Obama’s failure to rein in the excesses of the banks and built the trump 2016 campaign on Washington’s neglect of the working class.

Failed Foreign Policies

When launching his senate campaign in 2002, Obama gave a speech in which he said that he wasn’t opposed to all wars, only dumb wars.

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Adebayo Adeniran

A lifelong bibliophile, who seeks to unleash his energy on as many subjects as possible